Live Nation pulls out of Ocesa acquisition [updated]
Mexico's Inter-American Entertainment Corporation, which had agreed to sell its 11% stake in Ocesa, first revealed that Live Nation has called time on the deal
News By IQ | 26 May 2020
Updated (27 May): Live Nation confirmed in an SEC filing yesterday that the company has terminated its ‘material definitive agreement’ to acquire 51% of Ocesa after being unable to agree revised terms with CIE and Televisa.
“On May 25, 2020, Live Nation notified CIE that it was terminating the CIE purchase agreement as a result of CIE’s failure to comply with its contractual obligation to continue operating the target companies [Ocesa] in the ordinary course of business and the occurrence of a…
You've used your free article this month
Continue reading with a free account, or subscribe for unlimited access to all of our news, features and reports.
